Ceramide Market worth USD 158.7 million by 2030

The Market Statsville Group (MSG) publishes the new report on the "Ceramide Market by Type (Natural and Synthetic), by Process (Fermentation Ceramides and Plant Extract Ceramides), by Application (Cosmetics, Food, and Others), by Region – Global Share and Forecast to 2030".

The global ceramide market size was USD 95.6 million in 2021 and is estimated to reach USD 158.7 million by 2030, at a CAGR of 5.8% during the forecast period. Ceramide, a type of lipid complex, is found in the epidermis skin layer. Ceramide lipid complex is made of sphingosine and fatty acid. The global ceramide market is probable to witness a considerable growth. This is attributed to a significant surge in the demand for cosmetics products in the aging population and the young population. Shifting consumer trends toward natural products and growing awareness of skincare products are expected to drive the market. In countries such as Italy, France, and the UK,  over 80% of the survey respondents are using various facial creams and hair creams (hair gel and shampoos). Also, the growing prominence of internet facilities in countries such as India, China, and other emerging nations is anticipated to create opportunities through online sales platforms.

Global Ceramide Market Segmentation

The overall ceramide market has been segmented into the type, process, application, and region.

• By Type (Natural and Synthetic)
• By Process (Fermentation Ceramides and Plant Extract Ceramides)
• By Application (Cosmetics, Food, and Others)
• By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Plant Extract, by process, is estimated to hold the largest market share

On the basis of process, the market is classified into fermentation ceramide and plant extract ceramide. In 2021, plant extract accounted for the largest market share of 63.5% in the global ceramide market. The plant extract ceramide is extracted from rice, wheat, soybean, and corn plants. Some other sources include millet, spinach, and sweet potatoes.

Plant extract ceramide market growth is largely driven by steady food and dietary supplements market demand. The natural ceramide produced from plant extracts can easily penetrate the skin layers, unlike synthetic ceramides, which can be effective for hair and scalp care. Some major players offering plant extract ceramides include EPI FRANCE and ESN Group, Inc. However, the limited availability of natural plant extract and the high production cost of natural ceramide are major issues for bulk production in cosmetics and pharmaceutical industries, which is expected to hamper the growth market.

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Asia Pacific accounts for the largest market share in the ceramide market

Based on the regions, the global ceramide market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Asia Pacific accounted for the highest market share of 35.9% in the global ceramide market and was anticipated to maintain its dominance throughout the forecast period. Asia-Pacific consists of China, Japan, India, South Korea, Australia, and the rest of Asia-pacific. China, India, Japan, and South Korea are major consumers of natural ceramides from rice, wheat, and soybean. China is the biggest consumer of rice products, wheat, and various soybean oil products, which are major sources of ceramide.  

Asia-Pacific dominates the market with the highest market share of China. This is attributed to the massive consumption of rice, wheat, and soybean products through food supplements and various cosmetics products. China is the highest consumer of rice, followed by India. Moreover, India and China have significant demand for wheat and soybean oil products, which are prominent natural sources of ceramide.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the ceramide market. It also consists of the profiles of leading companies such as Evonik, Arkema, Kao Group, Doosan Corporation, Croda International, Toybo, and Ashland Inc.

Browse the complete report: https://www.marketstatsville.com/ceramide-market-market

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